Sunday , July 5 2020
Breaking News
Home / Companies / GRA exceeds target, makes govt GH¢ 1.6 billion richer

GRA exceeds target, makes govt GH¢ 1.6 billion richer

The Ghana Revenue Authority (GRA) exceeded its revenue collection target for 2019 by 3.2 per cent.

The Authority, against a target of GH¢ 42.08 billion, collected GH¢43.76 billion in excess of GH¢1.68 billion in the year under review.

This was disclosed by the Acting Commissioner-General of GRA, Mr Ammishaddai Owusu-Amoah, in an interview with the Daily Graphic on January 16.

He expressed immense satisfaction at the performance of the Authority for 2019, adding that last year’s performance will serve as great impetus to achieve its set targets for 2020.

GRA has this year, set a domestic revenue mobilisation target of GH¢47.25 billion.

In 2019, domestic revenue amounted to GH¢31.9 billion, against a target of GH¢29.84 billion, while customs duties settled at GH¢12.01 billion, against a target of GH¢12.24 billion.

Excise duties also posted a significant performance, as last year’s collection saw a 10.32 per cent increase over the previous year’s.

Mr Owusu-Amoah attributed the Authority’s success in exceeding its revenue collection target to a number of reforms instituted at the ports which ensured the payment of the right duties by importers, enforcement of rules, intensive debt collection and distress actions.

Source|www.adomonline.com

About ghanapolitics

Check Also

Receiver auctions vehicles of defunct Savings and Loans companies

More than 100 vehicles belonging to defunct Savings and Loans and Microfinance companies have been …

Leave a Reply

Your email address will not be published. Required fields are marked *

RSS
Follow by Email
Facebook
Facebook
YouTube